Wealthy Investor Confidence Down

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    Following three months of solid growth, the ‘Spectrem Affluent Investor Confidence’ indices declined in May, says the Spectrem Group. The May ‘Spectrem Millionaire Investor Confidence Index (SMICI)’ dropped six points to five, while the ‘Spectrem Affluent Investor Confidence Index (SAICI)’ fell four points to zero. The indices are down 10 points and eight points, respectively, from their levels one year ago. The ‘Spectrem Affluent Household Outlook,’ a driver of the indices, rose slightly in May. “A more cautious investor mindset, coupled with a slight rise in the ‘Spectrem Affluent Household Outlook,’ indicates that affluent investors remain slightly more optimistic about longer-term prospects than the next few months,” says George H. Walper, Jr., president of Spectrem Group.